forbes.com Archives - 21 May 2013, Tuesday

It was a pleasure to watch the live bitcoin transaction feed from Blockchain.info scroll proudly across the 8-foot screen monitors at both ends of the high-ceiling reception room. That is what decentralization looks like. In the absence of third-party intermediaries, amounts and fees ...

Want to throw one back like a billionaire? This bottle of Croizet Cuvée Léonie predates both the French wine blight and the American Civil War. One of a handful of such bottles in existence, the 1858 vintage will be available at New York’s Financial District Wine & Liquor in July for ...

I'm a privacy pragmatist, writing about the intersection of law, technology, social media and our personal information. If you have story ideas or tips, e-mail me at [email protected] . These days, I'm a senior online editor at Forbes. I was previously an editor at Above the Law , a le...

White Classic Clean Slate: The invention of white tie is widely accredited to English dandy, George Bryan “Beau” Brummell. This marked a new threshold; the birth of the white suit. In the past, white suits had only been worn for formal occasions, as in white tie. In menswear the color...

, Mt. Gox’s CEO who also owns Mutum Sigillum and who claimed when he opened a Wells Fargo account for the latter in May 2011 that his business would not be exchanging currencies for customers nor acting as a money transmitter. HSI says that Karpeles has been using payment processor Dw...

Move up http://i.forbesimg.com t Move down Are You Inclined To Become Seriously Rich? Take This Two-Question Quiz To Find Out Russ Alan Prince Contributor How The World's Billionaires Get Rich Erin Carlyle Forbes Staff The sales of ultra-luxury services and goods are booming. This tre...

Move up http://i.forbesimg.com t Move down 21 Things I Learned About Bitcoin From Living On It For A Week Kashmir Hill Forbes Staff Founder Of Drug Site Silk Road Says Bitcoin Booms And Busts Won't Kill His Black Market Andy Greenberg Forbes Staff 'Zerocoin' Add-on For Bitcoin Could M...

– Launched by Andreas Antonopoulos as a sensible reaction to the bitter infighting regarding potential press contacts within the community, this resource supports multiple languages and time zones as well as targeted searches of individuals that have expressed a willingness to be avai...

I run a small private investment partnership, which invests globally with a macro theme. I would say the study of economics is best done in the tradition of the gentleman economists of the past, such as David Ricardo, Adam Smith and John Stuart Mill. Previously, I was an economist and...

So it’s less anonymous than you might think , but it would have worked very well for Junie Hoang, the actress who sued IMDb for posting her real age on the site . Hoang had scrupulously kept a pseudonym while working in Hollywood but when she paid for a IMDb Pro account, she had to us...

On April 24, 2013, Rolex did something that few people saw coming – it started an official Facebook page . In just a couple of weeks they have accumulated almost half a million fans. Along with Patek Philippe, Rolex Rolex was one of only two major luxury brands/watch makers without a ...

My journalism career has advanced in ways I never could have dreamt. That a one-time newspaper reporter who spent his time covering government, uncovering corruption and witnessing crime scenes; could end up writing about high-end jewelry, the finest timepieces, luxury and fashion see...

Monday is the last day of Bitcoin living and it’s off to an exhausting start. My first night in the Bitcoin-paid hostel was not especially restful due to noise filtering in from Mission Street and my body’s usual skepticism about an unfamiliar bed. I have plans to meet with security r...

Four-year-old Bitcoin is attracting the interest of regulators amid volatile booms and busts in the value of the cyber-currency and fresh media interest. Intensified regulatory scrutiny could pose challenges for proponents of Bitcoin, who have praised the currency for its independence...

It USED to be a crackhouse. Now it's being renovated. Day 6. It’s Sunday morning. I have only two days left of living on Bitcoin. I can see the US-minted light at the end of the tunnel, but the end of my week is going to be an adventure. My landlord didn’t want to take Bitcoin for ren...

To be sure, with no banking or government involvement, Bitcoin may well be anonymous. Perhaps what I’m describing is a tiny piece of the Bitcoin payment universe. Yet even many cash transactions are the subject of IRS tax forms, and I’ll bet some Bitcoin pay ends up on a Form 1099 or ...

Move up http://i.forbesimg.com t Move down Living On Bitcoin For A Week: The Journey Begins Kashmir Hill Forbes Staff Living On Bitcoin For A Week: Bitcoiners Are The New Vegans Kashmir Hill Forbes Staff Living On Bitcoin For A Week: The Bitcoin Diet Kashmir Hill Forbes Staff Living O...

On Friday, I skip breakfast again; it’s an unavoidable part of the Bitcoin diet as there are no places that serve food before 10 a.m. accepting my currency. I lose my appetite anyway when I check the value of Bitcoin; it has plummeted to $90 over night. It has been on a steady decline...

Let’s examine what it could mean when something like Bitcoin, that is both platform and unit , is absorbed into something like PayPal that is just platform. Phil Archer writing at The Genesis Block categorized the four areas of likely impact — online wallets, escrow services, merchant...

After work, I bike to a far less high-tech Bitcoin machine at the Internet Archive, which is about 20 hills away from my work. Months ago, I bought two tickets to “Escape from a Mysterious Room,” a Japanese production that involves locking a group of 11 people in a room with hidden cl...

I asked Reddit’s Bitcoin subreddit for help finding transportation. One person offered to rent me his bike for .05 BTC for the week. As that was only $6 at the time, I wasn’t surprised when he said he was kidding and revealed that he lived in Georgia. Another Redditor named “Willworkf...

I’m a tax lawyer based in San Francisco (www.WoodLLP.com), but I handle tax matters everywhere. I enjoy untangling a tax mess from the past, disputing taxes with the government or planning taxes for the future. One of my specialties is advising about lawsuit payments. Whether you’re r...

On Tuesday morning, I emptied my wallet of all of the cash and credit cards before I left my house. Many journalists have been writing about the mechanics of buying Bitcoin and the resulting heart palpitations as they watched the dramatic rises and falls in the digital currency’s wort...

I personally own Bitcoin in my hedge fun, I own Bitcoin in my fund, I own Bitcoin in my private account. It is a huge deal. It’s a huge, huge, huge deal. Because what you’re talking about right now is, for the next three to five years, an unbelievably better stored value. It is gold 2...

It is nearly impossible to detach politics from bitcoin although many try. The reason being that everything bitcoin touches has social and political ramifications that are too startling to ignore. Argentina is no exception. The mere existence of the Bitcoin network is subversive. The ...

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Additionally, the foundation maintains an active relationship with various press entities seeking information about Bitcoin and the role of the nonprofit foundation. Since these inquiries come from around the world, we strive to be inclusive and we enlist the voluntary support of foun...

I’ve noticed a contrast in the way programmers and non-programmers react when they first hear about Bitcoin. And I think an analogy to cryptography helps explain it. Cryptography has been around for centuries, but until recently all the practical encryption systems people knew about w...

So your brand is only as good as your last transaction . We marketers talk a lot about brand equity, but the social basis for value suggests that brands are constantly moving targets. People assign a new price every time they transact, either sharing information with one another, or g...

Move up http://i.forbesimg.com t Move down Crazy Blind Date Not So Blind Anymore, Thanks To Hack Jeff Bercovici Forbes Staff Bitcoin And The Future Of Money My Say Contributor Also accepted if civilization is still standing. As a company whose business proposition has gone from kind o...